Shanghai Baosteel Packaging Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Baosteel Packaging has a total shareholder equity of CN¥4.0B and total debt of CN¥915.8M, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are CN¥8.3B and CN¥4.2B respectively. Shanghai Baosteel Packaging's EBIT is CN¥363.4M making its interest coverage ratio 25.8. It has cash and short-term investments of CN¥697.2M.
Key information
22.7%
Debt to equity ratio
CN¥915.84m
Debt
| Interest coverage ratio | 25.8x |
| Cash | CN¥697.21m |
| Equity | CN¥4.04b |
| Total liabilities | CN¥4.22b |
| Total assets | CN¥8.26b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601968's short term assets (CN¥3.3B) do not cover its short term liabilities (CN¥3.4B).
Long Term Liabilities: 601968's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥809.2M).
Debt to Equity History and Analysis
Debt Level: 601968's net debt to equity ratio (5.4%) is considered satisfactory.
Reducing Debt: 601968's debt to equity ratio has reduced from 74.7% to 22.7% over the past 5 years.
Debt Coverage: 601968's debt is well covered by operating cash flow (77.2%).
Interest Coverage: 601968's interest payments on its debt are well covered by EBIT (25.8x coverage).